Mexco Energy (MXC)

Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico, and Loving County. The company was founded in April 1972 and is headquartered in Midland, TX.

Company profile

Ticker

MXC

Exchange

AMEX

Website

www.mexcoenergy.com

CEO

Nicholas C. Taylor

Incorporated

Colorado

Location

Texas

Fiscal year end

Mar 31

Sector

Energy Minerals > Oil & Gas Production

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Occidental Petroleum • Anadarko Petroleum • Apache • Chesapeake Energy • Devon Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv ...

SEC CIK

0000066418

Corporate docs

Articles of Incorporation & Bylaws

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Forman Energy Corporation • Southwest Texas Disposal Corporation • TBO Oil & Gas, LLC ...

IRS number

840627918

MXC stock data

1M 1Y 5Y

News

From Benzinga Pro

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15 Aug 22

Mexco Energy Q1 EPS $0.59 Up From $0.19 YoY, Sales $2.45M Up From $1.26M YoY

15 Aug 22

Mexco Energy (AMEX:MXC) reported quarterly earnings of $0.59 per share. This is a 210.53 percent increase over earnings of $0.19 per share from the same period last year. The company reported $2.45 million in sales this

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10 Jun 22

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9 Jun 22

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8 Jun 22

Press releases

From Benzinga Pro

Mexco Energy Corporation Reports Financial Results for First Quarter

15 Aug 22

MIDLAND, TX, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) today reported net income of $1,298,672, or $0.59 per diluted share, for the quarter ending June 30, 2022, the Company's first quarter

MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2022

27 Jun 22

MIDLAND, TX, June 27, 2022 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE:MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2022.

Calendar

15 Aug 22

20 Aug 22

31 Mar 23

Financial summary

Financial statements Chart MXC financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 22	Mar 21	Mar 20	Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	537K	537K	537K	537K	537K	537K
Cash burn (monthly)	277.92K	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	468.33K	n/a	n/a	n/a	n/a	n/a
Cash remaining	68.68K	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	0.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

MXC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Mar 22	Thomas H Decker	MXC COMMON STOCK	Sell	Dispose S	No	No	37.5	102	3.83K	8,398
7 Mar 22	Thomas H Decker	MXC COMMON STOCK	Sell	Dispose S	No	No	32.05	2,000	64.1K	8,500
7 Mar 22	Stacy D. Hardin	MXC COMMON STOCK	Sell	Dispose S	No	No	32	375	12K	849
7 Mar 22	Stacy D. Hardin	MXC COMMON STOCK	Sell	Dispose S	No	No	30	375	11.25K	1,224
7 Mar 22	Stacy D. Hardin	MXC COMMON STOCK	Option exercise	Acquire M	No	No	4.84	750	3.63K	1,599
7 Mar 22	Stacy D. Hardin	STOCK OPTIONS COMMON STOCK	Grant	Acquire A	No	No	4.84	750	3.63K	8,750
7 Mar 22	Tammy Mccomic	MXC COMMON STOCK	Sell	Dispose S	No	No	32.25	2,000	64.5K	41,465
7 Mar 22	Tammy Mccomic	MXC COMMON STOCK	Option exercise	Acquire M	No	No	7	2,000	14K	43,465
7 Mar 22	Tammy Mccomic	STOCK OPTIONS COMMON STOCK	Grant	Acquire A	No	No	7	2,000	14K	84,000
4 Mar 22	Thomas H Decker	MXC COMMON STOCK	Sell	Dispose S	No	No	24.95	4,500	112.28K	10,500

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MXC institutional ownership history Ownership history

5.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	8	3	+166.7%
Opened positions	6	1	+500.0%
Closed positions	1	6	-83.3%
Increased positions	2	2	–
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	2.03M	531K	+282.1%
Total shares	125.27K	56.6K	+121.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Vanguard	61.11K	$990K	NEW
Dimensional Fund Advisors	41.09K	$666K	+2.5%
Renaissance Technologies	19K	$308K	+15.2%
MS Morgan Stanley	2.3K	$37K	NEW
UBS UBS Group AG - Registered Shares	1.5K	$24K	NEW
Tower Research Capital	236	$4K	NEW
Stonebridge Capital Advisors	22	$0	NEW
WFC Wells Fargo & Co.	5	$0	NEW
Proequities	0	$0

Largest transactions	Shares	Bought/sold	Change
Vanguard	61.11K	+61.11K	NEW
Renaissance Technologies	19K	+2.5K	+15.2%
MS Morgan Stanley	2.3K	+2.3K	NEW
UBS UBS Group AG - Registered Shares	1.5K	+1.5K	NEW
Dimensional Fund Advisors	41.09K	+999	+2.5%
Tower Research Capital	236	+236	NEW
Stonebridge Capital Advisors	22	+22	NEW
WFC Wells Fargo & Co.	5	+5	NEW
BAC Bank Of America	0	-2	EXIT
Proequities	0	0

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: assessment, began, Chesapeake, consuming, criteria, Dimmit, eastern, light, Penn, Reagan, utilized

Removed: attributable, beginning, Board, captured, Committee, computed, counterparty, cumulative, cutting, depressed, derivative, dilutive, dividing, growth, implemented, inclusion, line, longer, manage, method, objective, occur, October, outweigh, pandemic, paycheck, PPP, predictable, pretax, program, put, realizable, reduced, reflected, September, stable, subjective, sufficient, Unsettled, weight

From filing 10-Q 2022 Q1

Financial reports

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